In the financial year 2024-25 (FY25), creditors recovered over ₹67,000 crore from companies undergoing bankruptcy proceedings. This marked the highest-ever annual recovery under India’s Insolvency and Bankruptcy Code (IBC). As per the data from the National Company Law Tribunal (NCLT), the amount represents a 42% jump from the ₹47,206 crore resolved in the previous financial…
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Nazara Technologies Limited’s ₹126 crore resolution plan to acquire debt-laden Smaaash Entertainment Private Limited, marking a significant step in the gaming and entertainment firm’s insolvency resolution process. The plan, approved by the Committee of Creditors (CoC) with 99.59% votes, ensures Smaaash’s revival under Nazara, a…
× Filing Complaints on SCORES Easy & quick 1. Register on SCORES portal 2. Mandatory details for filling complaints on SCORES Name | PAN | Address | Mobile | Number | E-mail ID 3. Benefits Effective Communication Speedy redressal of the grievances Read the original article here
During Thursday’s trading session, shares of a company involved in the renewable energy sector hit a 5 percent upper circuit on the stock exchanges. Despite this temporary surge, the stock has been in a prolonged downtrend, falling steeply from Rs. 1,125 to nearly Rs. 60 per share. With IREDA now filing for bankruptcy proceedings against…
KARACHI: The Board of Directors of SME Leasing Limited (PSX: SLL) has formally approved a comprehensive Winding Down Plan for the company, aimed at facilitating an orderly exit from operations, according to a stock exchange filing on Wednesday. The plan, which includes multiple structural changes, was also endorsed by the Board of SME Bank Limited,…
Hydrogen electrolyser maker McPhy heading for liquidation after failing to find a buyer Hydrogen Insight Read the original article here
Financial experts leading the liquidation of the Pencil Club hope to generate close to R80 million through the sale of its assets. The premier social networking club in uMhlanga entered liquidation proceedings after falling into financial difficulty. Businesspeople, law firms and auditing companies were just some of the elite members in the club. The company…
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Zorzi fight over unpaid sale debt The West Australian Read the original article here
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